XDJP.L vs. ^N225

Last updated Jun 5, 2026

XDJP.L (Xtrackers Nikkei 225 UCITS ETF 1D) is Japan Equities fund tracking the TOPIX TR JPY, while ^N225 (Nikkei 225) is an index. Over the past 10 years, XDJP.L returned 13.14%/yr vs 11.40%/yr for ^N225. At a 0.45 correlation, their price movements are largely independent.

Performance

XDJP.L vs. ^N225 - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) and Nikkei 225 (^N225). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDJP.L is traded in GBp, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with XDJP.L having a 31.98% return and ^N225 slightly lower at 31.65%. Over the past 10 years, XDJP.L has outperformed ^N225 with an annualized return of 13.14%, while ^N225 has yielded a comparatively lower 11.40% annualized return.

XDJP.L

• 1D: -1.35%
• 1M: 10.95%
• YTD: 31.98%
• 6M: 29.24%
• 1Y: 64.30%
• 3Y*: 20.95%
• 5Y*: 12.61%
• 10Y*: 13.14%

^N225

• 1D: 0.00%
• 1M: 12.70%
• YTD: 31.65%
• 6M: 27.40%
• 1Y: 61.15%
• 3Y*: 18.83%
• 5Y*: 11.00%
• 10Y*: 11.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDJP.L vs. ^N225 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	31.98%	21.04%	9.67%	15.52%	-10.26%	-3.79%	21.77%	16.58%	-3.53%	14.73%
^N225 Nikkei 225	31.65%	17.94%	8.72%	13.25%	-11.23%	-5.05%	17.82%	15.96%	-4.44%	13.06%

Correlation

The correlation between XDJP.L and ^N225 is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Mar 19, 2013	0.45

The correlation between XDJP.L and ^N225 has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.

Return for Risk

XDJP.L vs. ^N225 — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDJP.L

XDJP.L Risk / Return Rank: 84
XDJP.L Sharpe Ratio Rank: 87
XDJP.L Sortino Ratio Rank: 87
XDJP.L Omega Ratio Rank: 81
XDJP.L Calmar Ratio Rank: 86
XDJP.L Martin Ratio Rank: 77

^N225

^N225 Risk / Return Rank: 96
^N225 Sharpe Ratio Rank: 95
^N225 Sortino Ratio Rank: 97
^N225 Omega Ratio Rank: 95
^N225 Calmar Ratio Rank: 97
^N225 Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDJP.L vs. ^N225 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) and Nikkei 225 (^N225). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	XDJP.L	^N225	Difference
Sharpe ratio: Return per unit of total volatility	2.85	2.77	+0.08
Sortino ratio: Return per unit of downside risk	3.94	3.76	+0.18
Omega ratio: Gain probability vs. loss probability	1.48	1.47	0.00
Calmar ratio: Return relative to maximum drawdown	4.77	4.90	-0.12
Martin ratio: Return relative to average drawdown	14.50	14.52	-0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDJP.L vs. ^N225 - Sharpe Ratio Comparison

The current XDJP.L Sharpe Ratio is 2.85, which is comparable to the ^N225 Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of XDJP.L and ^N225, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XDJP.L	^N225	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.77	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.50	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.56	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.35	+0.40

Drawdowns

XDJP.L vs. ^N225 - Drawdown Comparison

The maximum XDJP.L drawdown since its inception was -23.69%, smaller than the maximum ^N225 drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for XDJP.L and ^N225.

Drawdown Indicators

	XDJP.L	^N225	Difference
Max Drawdown Largest peak-to-trough decline	-23.69%	-35.55%	+11.86%
Max Drawdown (1Y) Largest decline over 1 year	-13.40%	-13.44%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-18.82%	-22.75%	+3.93%
Max Drawdown (5Y) Largest decline over 5 years	-20.61%	-23.10%	+2.49%
Max Drawdown (10Y) Largest decline over 10 years	-23.69%	-24.67%	+0.98%
Current Drawdown Current decline from peak	-1.35%	-1.26%	-0.09%
Average Drawdown Average peak-to-trough decline	-6.79%	-8.69%	+1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	4.48%	-0.06%

Volatility

XDJP.L vs. ^N225 - Volatility Comparison

Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) and Nikkei 225 (^N225) have volatilities of 6.75% and 6.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDJP.L	^N225	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	6.97%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	17.68%	19.36%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	22.44%	23.82%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	22.77%	-5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.63%	21.18%	-3.55%

Frequently Asked Questions

Can I hold both XDJP.L and ^N225 in my portfolio?

XDJP.L and ^N225 have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.